Axalta Coating Systems Ltd. (NYSE:AXTA) Holdings Lowered by Sanctuary Advisors LLC

Sanctuary Advisors LLC trimmed its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 4.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,575 shares of the specialty chemicals company’s stock after selling 877 shares during the quarter. Sanctuary Advisors LLC’s holdings in Axalta Coating Systems were worth $648,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AXTA. Geode Capital Management LLC grew its stake in shares of Axalta Coating Systems by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 3,669,190 shares of the specialty chemicals company’s stock worth $132,823,000 after purchasing an additional 31,894 shares during the last quarter. Dynamic Technology Lab Private Ltd grew its stake in shares of Axalta Coating Systems by 68.4% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 36,191 shares of the specialty chemicals company’s stock worth $1,310,000 after purchasing an additional 14,704 shares during the last quarter. Oak Thistle LLC grew its stake in shares of Axalta Coating Systems by 434.3% in the 4th quarter. Oak Thistle LLC now owns 39,535 shares of the specialty chemicals company’s stock worth $1,353,000 after purchasing an additional 32,135 shares during the last quarter. Lord Abbett & CO. LLC grew its stake in shares of Axalta Coating Systems by 5.8% in the 3rd quarter. Lord Abbett & CO. LLC now owns 445,836 shares of the specialty chemicals company’s stock worth $16,135,000 after purchasing an additional 24,402 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its stake in shares of Axalta Coating Systems by 85.3% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 438,290 shares of the specialty chemicals company’s stock worth $15,862,000 after purchasing an additional 201,766 shares during the last quarter. 98.28% of the stock is currently owned by institutional investors.

Axalta Coating Systems Stock Performance

Shares of AXTA opened at $36.16 on Friday. The company’s 50 day moving average price is $35.92 and its 200 day moving average price is $36.66. Axalta Coating Systems Ltd. has a 52 week low of $30.41 and a 52 week high of $41.65. The company has a market capitalization of $7.89 billion, a PE ratio of 20.31, a PEG ratio of 0.92 and a beta of 1.46. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.47 and a current ratio of 2.01.

Axalta Coating Systems (NYSE:AXTA) last posted its earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.09. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. The company’s revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.43 earnings per share. Research analysts expect that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on AXTA. Wolfe Research raised shares of Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 target price on the stock in a research report on Friday, January 17th. Mizuho dropped their target price on shares of Axalta Coating Systems from $43.00 to $41.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. KeyCorp reissued a “sector weight” rating on shares of Axalta Coating Systems in a research report on Tuesday, December 17th. Citigroup downgraded shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $45.00 to $41.00 in a research report on Wednesday, December 18th. Finally, Evercore ISI began coverage on shares of Axalta Coating Systems in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $47.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Axalta Coating Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.08.

Insider Buying and Selling at Axalta Coating Systems

In other Axalta Coating Systems news, insider Troy D. Weaver sold 10,457 shares of Axalta Coating Systems stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $37.57, for a total value of $392,869.49. Following the completion of the sale, the insider now directly owns 74,905 shares in the company, valued at $2,814,180.85. The trade was a 12.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.40% of the company’s stock.

Axalta Coating Systems Profile

Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through two segments, Performance Coatings and Mobility Coatings.